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Technology Stocks : INFOSEEK (GO)
GO 10.76-0.5%11:21 AM EST
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To: bobby beara who wrote (9115)5/21/1999 11:52:00 PM
From: Jon K.  Read Replies (1) of 9343
 
Hi bobby, I agree with you. The market looks weak and nuts are churning... maybe the sign of saturation. I expect the Interest hike pressure will drag the market down in next 6 months or so.

To hedge long, I plan to add some shorts next week. Perhaps PCLN and HAUP. Any short idea?

Compare to other nuts, SEEK at 40s seems safe. SEEK been hitting 60 - 70 periodically. I think SEEK will hit 60 before we see 20.

Jon
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